You are absolutely delusional if you believe $225 Million is a great deal of money for a EV company. Why would Nasdaq need a paltry $225M?
"Meeting the bid price in their case is artificial now and has no value. NASDAQ needs their ass with their $225M."
Rivian has $10.20 B in Cash on hand.
Damn, you aren't very bright Nasdaq doesn't make money on trades as you seem to think.
"They also make a huge amount of money off their trading. Very few mid cap stocks trade at over $1B in 19 business days. So, NASDAQ will work with them very kindly and sympathize with them."
That isn't true - you never do any research before posting - typical neophyte investor. Mullen is a tiny company with a Big Gasbag as the CEO.
NASDAQ makes money through fees charged on its business lines: corporate services, info services, market services, and technology services.
Market Services generates revenue of $3.4 Billion (56% of Total Revenues) for FY2022.
Mullen is a Small Cap Stock not a "mid cap stock".
Once again you are clueless about any type of Shorting - and the Lawsuit has less than Zero chance of being successful. Mullen filed the lawsuit for pumping purposes only - similar to the Buyback. Michery didn't report any illegal naked shorting to the SEC because he couldn't handle the scrutiny.
"The company has legitimate lawsuit in federal court for unfair naked shorting. So the SEC and NASDAQ should also be responsible for this unfair and illegal practice."
I am not certain what your definition of a legitimate lawsuit is - and I know you won't post any caselaw to support your post.
Wes Christian doesn't do very well with his naked shorting lawsuits. He is usually paid in stock and he dumps it - do some research.
Only novice investors believe in Michery/Mullen - and the dilution won't stop because Mullen doesn't have access to capital and they are forced to use toxic financing.
"If dilution stops I can see MULN easily climbing to over $1 without any help. IMO, they will climb over $1 without a RS and likely before the hearing."
You do understand that the big naked shorting lawsuit didn't move the needle actually the price is down 30% since the press release about the lawsuit.
"I lost $3K here earlier after the 1st RS but exited before the 2nd RS. Now I have a bigger entry, but my average loss as of Friday is 12.5%."
The press release was on August 29th and as of September 8th it is down 30% - your posting shows you have greater losses than 12.5%. Plus the first reverse split was 1:25 so you got your head cracked on that one.
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